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Not investment advice. Data and computed figures, for information only.

Manorama Industries Ltd

NSE: MANORAMA
₹1,911.20
−₹16.20 (−0.84%)
NSE · 16 Oct 2026, close
NSE
As of 31 Mar 2026
Market Cap
₹12,898 Cr
CMP
₹1,911.20
52-wk High / Low
₹2,150 / 1,061
P/E
49.9
P/B
17.9
Book Value
₹114.0
Div Yield
0.04%
ROCE
35.0%
ROE
39.3%
Face Value
₹2
D/E
0.52

Price+27.9% over 1Y

āagman read

Computed by āagman
Derived from 2 years and 8 quarters of filings. Not reported by the company.
As of 16 Oct 2026
How we compute these
Piotroski F-Score
8
/ 9
8 of 9 F-score tests passed
Graham Number
₹311
√(22.5 × EPS × book value per share)
ROIC
23.6%
vs 13.1% sector median
Cash flow to profit
1.11
CFO / PAT
Above 1.0 = operating cash flow exceeded reported profit
Margin change
+38
bps OPM YoY
Operating margin vs the same quarter last year
Sustainable growth
38.5%
ROE × earnings retention ratio
Holder deltas
QoQ
pp
Prom +0.00FII +0.33DII −0.37
Latest quarter vs the previous one
Cash-accrual divergence
−2.3%
of assets
Low = accruals track cash flow
Strengths
+Price trades above its 200-day moving average (1.2x)
+FII holding rose by 1.0pp over the last year
+Piotroski F-Score of 8/9 is in the strong band (≥7)
Watch-outs
−Promoter holding fell by 2.9pp over the last year

Peer comparison

Peers
NameP/EMar Cap ₹ CrROCE %ROE %

Quarterly results

Consolidated basis (as filed) · ₹ Cr · 8 quarters
As of 30 Jun 2026
Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales195209233290323363391404
Expenses151155172215236260294298
Operating Profit445461758810297106
OPM %22.6%25.8%26.2%25.9%27.2%28.1%24.8%26.2%
Other Income34106112−716
Interest811129811910
Depreciation66666676
Profit before tax34415265749674106
Net Profit2630404755725279
EPS (₹)4.325.116.727.879.1912.108.7913.17

Profit & Loss

As of 30 Jun 2026
Consolidated · ₹ Cr · 2 years + TTM
Mar 2025Mar 2026TTM
Sales7711,3671,481
Expenses5841,0051,088
Operating Profit186361393
OPM %24.1%26.4%26.5%
Other Income211021
Interest393838
Depreciation222626
Profit before tax146308350
Net Profit110225258
EPS (₹)18.4237.6743.25

Balance Sheet

As of 30 Jun 2026
Consolidated · ₹ Cr
Mar 2025Mar 2026Jun 2026
Equity Capital1212—
Reserves448670—
Borrowings482356—
Other Liabilities41162—
Total Liabilities9831,200—
Fixed Assets176196—
CWIP518—
Investments00—
Other Assets802985—
Total Assets9831,200—

Cash Flows

As of 31 Mar 2026
Consolidated · ₹ Cr
Mar 2025Mar 2026
Cash from Operating Activity−57250
Cash from Investing Activity−34−78
Cash from Financing Activity93−165
Net Cash Flow27

Ratios

As of 31 Mar 2026
2 periods
Mar 2025Mar 2026
ROCE %—35.0
ROE %—39.3
EPS (₹)18.4237.67
Book Value (₹)—114.0
Face Value (₹)—2
P/E—49.9
Div Yield %—0.04
NPM %13.916.3
OPM %24.026.0
D/E1.050.52
P/B—17.9

Growth

As of 11 Oct 2026
Compounded sales growth
TTM+60.0%
Compounded profit growth
TTM+80.0%
Stock price CAGR
5 years+46.0%
3 years+65.0%
Last year+36.0%
Return on equity
Last year39.0%

Shareholding pattern

As of 30 Sep 2025
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025
Promoters61.03%61.03%61.33%61.33%57.26%57.26%57.26%54.42%54.32%54.32%
FIIs0.00%0.00%0.06%0.67%2.40%2.26%2.53%2.81%2.89%3.22%
DIIs0.00%0.00%0.01%0.00%3.40%3.46%2.51%5.14%3.00%2.63%
Government——————————
Public38.97%38.97%38.60%38.00%36.94%37.02%37.69%37.64%39.78%39.83%
No. of shareholders3463463866984,0966,36714,27919,93836,33533,841
Change since Jun 2023 (pp)
Promoters −6.71FIIs +3.22DIIs +2.63Public +0.86

Documents

As of 11 Oct 2026
Announcements
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationClosure of Trading WindowShareholder Meeting / Postal Ballot-Scrutinizer''s ReportBoard Meeting Outcome for Outcome Of The Board Meeting Of The Company Held On Tuesday, September 22, 2026.
Annual reports
Annual Report 2026Annual Report 2025Annual Report 2024Annual Report 2023Annual Report 2022
Credit ratings
Rating updateRating updateRating updateRating updateRating update
Concalls
Aug 2026TranscriptAug 2026PPTAug 2026RecordingMay 2026TranscriptMay 2026PPTMay 2026RecordingJan 2026TranscriptJan 2026PPTJan 2026RecordingOct 2025TranscriptOct 2025PPTOct 2025RecordingJul 2025PPT

Corporate actions

As of 11 Sep 2026
11 Sep 2026DIVIDENDDividend - Re 0.80 Per Share—
21 Aug 2025DIVIDENDDividend - Rs 0.60 Per Share—
27 Aug 2024DIVIDENDAnnual General Meeting/Dividend - Re 0.40 Per Share—
7 Mar 2024SPLITFace Value Split (Sub-Division) - From Rs 10/- Per Share To Rs 2/- Per Share10 : 2
11 Sep 2023DIVIDENDAnnual General Meeting/Dividend - Rs 2 Per Share—
Fundamentals from a third-party compiler of exchange filings; prices from the exchanges. Not investment advice.© 2026 āagman